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ARTICLE · 20 JANUARY 2017

Uncertain Seas: European Financial And Regulatory Developments Into 2017

Morrison Foerster
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Lloyd George and Epictetus may be long gone but their words have much resonance with the events of 2016.

United StatesGovernment, Public Sector
Peter Green
Peter Green
Jeremy Jennings-Mares
Jeremy Jennings-Mares
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"There are greater storms in politics than you will ever find at sea. Piracy, broadsides, blood on the decks. You will find them all in politics."  —David Lloyd George, British Prime Minister, 1916-1922

"The greater the difficulty the more glory in surmounting it. Skillful pilots gain their reputation from storms and tempests" —Epictetus

Lloyd George and Epictetus may be long gone but their words have much resonance with the events of 2016. The political fallout from the UK's vote to leave the European Union ("EU") was immediate and brutal and Lloyd George's words above could have been written for the events in the UK in the aftermath of the vote. Prime Minister David Cameron resigned immediately and Theresa May became the new UK Prime Minister after a short and dramatic Conservative Party leadership election contest.  The new UK government has had to plot a course for the UK to negotiate its exit from the EU, regarded by many commentators as likely to be one of

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